BITSTRAT HLDGS Warns of Net Loss for First Half, Swinging from Profit to Loss

Stock News08-14

BITSTRAT HLDGS (06113) has issued a profit warning, anticipating a net loss of no less than approximately 6.88 million ringgit for the six months ending June 30, 2026, compared to a profit of around 4.6 million ringgit in the same period a year earlier.

The company's revenue for the period rose to about 46.4 million ringgit, up from 45.2 million ringgit previously. The swing from profit to loss is primarily attributed to three factors: first, a bitcoin impairment loss of approximately 4.96 million ringgit was recognized in the current period, compared to zero in the prior period; second, other operating expenses increased to about 12.9 million ringgit from 8.9 million ringgit, mainly due to higher costs related to an analysis review aimed at improving the company's telemarketing performance and staffing; and third, employee costs grew to approximately 30.37 million ringgit, up from 27.6 million ringgit in the prior period.

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